Fitch revises outlook of SBI, 8 other banks to negative
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Fitch Ratings on Monday said it has revised the outlook to negative from stable of nine Indian banks, including State Bank of India, ICICI Bank and Axis Bank, following lowering of India's sovereign rating outlook due to impact of coronavirus pandemic on the economy. The rating agency revised the outlook for EXIM, SBI, Bank of Baroda, Bank of India, Canara Bank, PNB, ICICI Bank, Axis Bank while affirming their ratings.